ASTANA, Kazakhstan, November 20. Hungary and
Kazakhstan aim to enhance trade turnover between the nations to
$1 billion, Trend experiences.
Finance Minister Mihály Varga highlighted this aim following
the Hungarian-Kazakh Strategic Council assembly.
As he famous, the present trade quantity had already reached $465
million.
According to him, the main target is on diversifying trade past
vitality, with successes in healthcare and different sectors.
This initiative is a part of Hungary’s Eastern Opening coverage,
which has expanded financial relationships with Central Asia and the
Caucasus, particularly amidst the geopolitical shifts within the
area.
As beforehand acknowledged by the Prime Minister of Kazakhstan Alikhan
Smailov, Kazakhstan sees important potential for growing trade
with Hungary and is prepared to enhance the export of Kazakh merchandise to
Hungary throughout 95 objects price about $700 million.
The Kazakh PM famous that there are additionally nice prospects for
funding cooperation. In complete, about $330 million of direct
Hungarian investments have been invested in Kazakhstan since 2005.
About $75 million was invested in 2021-2022 alone, which is almost
1 / 4 of the full.
